Getinge (GETI.SE) is a Swedish medical technology company with a market capitalization of 49.01 billion SEK as of August 9, 2023. Established in 1904 by engineer and inventor Sven Palmgren, the company began as a manufacturer of washing machines and expanded into healthcare solutions over the years.
Today, the company specializes in medical devices, equipment, and solutions for the healthcare and life sciences industries. The company's products include surgical equipment, sterilization systems, and intensive care units, contributing to patient care and hospital operations globally.
It went public on the Stockholm Stock Exchange (US100 Stockholm) and has since grown into a prominent player in the medical technology sector. With a commitment to innovation and improving patient outcomes, Getinge continues to provide vital medical solutions to healthcare professionals around the world.
Getinge's stock has had a rollercoaster ride over the past five years. In October 2018, the stock price reached its lowest point, hitting 74.7 SEK. However, over the following three years, the stock climbed consistently, reaching its highest price point of 431.6 SEK in November 2021.
As a trader, you may be wondering what trading strategies could be employed to take advantage of Getinge’s stock performance. One approach is day trading, which involves making multiple trades in a single day, capitalizing on small price movements. Swing trading is another strategy that involves holding onto stocks for a longer period of time, potentially weeks or months, to take advantage of broader price trends.
Traders may also use a range of tools and indicators to help inform their decisions. For instance, candlestick patterns like hammer sticks and engulfing patterns may be used to indicate bullish or bearish action, while chart patterns like head and shoulders may indicate a potential trend reversal.
It's important to understand the competitive landscape of the market you wish to trade before making any decisions. Some of Getinge's competitors that may be worth monitoring include:
- Becton Dickinson (BDX.US) is a global medical technology company specializing in medical devices and instruments. It offers a wide range of products for medication management, diagnostic testing, and other healthcare needs.
- Medtronic (MDT.US) is a prominent medical device company, known for its innovation in healthcare technology. It produces a variety of medical devices and equipment, particularly in the fields of cardiac and neurological care.
- Dentsply Sirona Inc (XRAY.US) is a leading manufacturer of dental equipment and supplies. It provides a comprehensive range of dental solutions, including instruments, equipment, and technology for dental professionals worldwide.
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